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SBA Guest Blog - PPP for First Draw Borrowers Opens Today and Opens on Jan. 13th for Second Draw Borrowers!

SBA Guest Blog - PPP for First Draw Borrowers Opens Today and Opens on Jan. 13th for Second Draw Borrowers!

SBA Guest Blog - PPP for First Draw Borrowers Opens Today and Opens on Jan. 13th for Second Draw Borrowers!

u s small business administration

Paycheck Protection Program Portal Opens Today

 The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, has opened the Paycheck Protection Program loan portal today.  The PPP will initially accept First Draw PPP loan applications from participating CFIs, which include Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs) and Microloan Intermediaries.

The opening of the SBA loan system is designed to efficiently and effectively implement the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act and to ensure increased access to the PPP for minority-, underserved-, veteran- and women-owned small business concerns. SBA also is calling upon its lending partners to redouble their efforts to assist eligible borrowers in underserved and disadvantaged communities.

SBA will continue to provide updates on operations during the week of January 11, 2021. Additionally, SBA plans to dedicate specific times to process and assist the smallest PPP lenders with loan applications from eligible small businesses.

Technical Information and New Portal User Guide 

How To Apply
You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.    Click Here to find your Local SBA District Office .
The best sources for current available information on the Paycheck Protection Program:
At SBA website: Coronavirus (COVID-19): Small Business Guidance & Loan Resources ( or
Treasury’s website:  
Most questions can be answered by the FAQ and the “Interim Final Rule” documents posted there.
IFR #1
Docket No. SBA-2021-0001
RIN 3245-AH62
RIN 1505-AC74
Business Loan Program Temporary Changes; Paycheck Protection Program as Amended
by Economic Aid Act
AGENCY: U. S. Small Business Administration; Department of the Treasury.
ACTION: Interim final rule
Docket No. SBA-2021-0002
RIN 3245-AH63
Business Loan Program Temporary Changes; Paycheck Protection Program Second Draw
AGENCY: U.S. Small Business Administration.
ACTION: Interim final rule.
 Comments on the Paycheck Protection Program Interim Final Rules must be submitted to, unless the comment includes confidential business information, in which case, the comment should be directed to
For a list of additional COVID-19 assistance options, please see:
To report waste, fraud, or abuse: Contact the SBA Office of Inspector General’s hotline at 800‑767‑0385 or by email at

SBA Paycheck Protection Platform User Guide

SBA PPP Platform API Technical Information

As a reminder, CFI Lenders may use the SBA PPP Lender Hotline: +1 (833) 572-0502 and find more PPP Platform Resources here:

For more PPP Information and Resources, please visit SBA Funding Programs or

paycheck protection program, PPP

Paycheck Protection Program Re-Opens for First Draw Borrowers

Second Draw PPP Set for Jan. 13

SBA will be accepting applications again for loans under its Paycheck Protection Program starting Monday, Jan. 11, 2021.  To promote access to capital, only community financial institutions will be able to make First Draw PPP Loans on Monday and Second Draw PPP Loans starting Wednesday, Jan. 13, 2021.  The PPP will open to all participating lenders shortly thereafter. 

Please note the following information is now located on :

Updated First Draw Forms 

Second Draw Forms

Guidance & Resources

SBA Procedural Notice 5000-20074 - Modifications to SBA Forms 3506, 3507, and 750 CA (for purposes of PPP only)

SBA Procedural Notice 5000-20075 - Repeal of EIDL Advance Deduction Requirement for SBA Loan Forgiveness Remittances to PPP Lenders


Community Financial Institutions (CFIs) will be able to submit First Draw (first time) PPP loans starting Monday. 

Second draw (second time) loans starting next Wednesday.

Per the Economic Aid Act, a Community Financial Institution (CFI) is one of the four types of lenders.

  • Community Financial Development Institution (CDFI)
  • Minority Depository Institution (MDI)
  • Community Development Corporation (CDC)
  • Microlender Intermediary


Eligibility has been expanded to include 501(c)(6)s, housing cooperatives, destination marketing organizations, among other types of organizations; not direct marketing organizations as previously stated.

Further information and background is contained lower in this newsletter.

For continued updates business owners and nonprofit organizations should subscribe to the SBA Utah District Office newsletter at  and follow on Twitter @SBA_Utah as information will be updated as it changes.

You may contact the Utah District Office at (801) 524-3209 or by email at You may also contact the Rapid Response Team at or by phone at 1 (800) 456-7707.

Paycheck Protection Program (PPP) Policy Update

The U.S. Small Business Administration in consultation with the Treasury Department, has recently released additional Paycheck Protection Program guidance.

"This additional information has been highly anticipated. We are hopeful now that it has been made public, the PPP will gain momentum quickly to help local businesses and nonprofits," SBA Utah District Office Director Marla Trollan.

The PPP is intended to provide economic relief to small businesses nationwide adversely impacted by the Coronavirus Disease 2019 (COVID-19). Subsequently, SBA published 23 interim final rules providing additional guidance on the PPP (some of which were jointly issued with the Department of the Treasury) and Treasury published one interim final rule.

The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act) (Pub. L. 116-260) became law Dec. 27, 2021. The Economic Aid Act extends the authority to make PPP loans through March 31, 2021 and revises certain PPP requirements.

For ease of borrower and lender reference, this interim final rule also consolidates the interim final rules (and important guidance) issued to date governing borrower eligibility, lender eligibility, and PPP application and origination requirements for new PPP loans, as well as provides general rules relating to loan increases and loan forgiveness.

Please access the following links for policy guidance on the new round of PPP loans as authorized by the recently passed stimulus bill.

  1. SBA Guidance on Accessing Capital for Minority, Underserved, Veteran and Women-Owned Business Concerns  (Released 1/6/2021)
  2. Interim Final Rule on Paycheck Protection Program as Amended by Economic Aid Act (Released 1/6/2021)
  3. Interim Final Rule on Second Draw Loans (Released 1/6/2021)

For more information and updates, visit or 

Business owners and nonprofit organizations should subscribe to the SBA Utah District Office newsletter at  and follow on Twitter @SBA_Utah to stay current on the new programs as the information will be updated as it changes. You may contact the Utah District Office at (801) 524-3209 or by email at You may also contact the Rapid Response Team at or by phone at 1 (800) 456-7707.

The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act

325 Billion earmarked for Small Business

The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act is a $325 billion aid package providing additional assistance to the hardest-hit small businesses, nonprofits and venues that are struggling to recover from the impact of the COVID-19 pandemic.

The act provides funding for a second round of forgivable loans through the Paycheck Protection Program for small businesses and nonprofits experiencing significant revenue losses, implements programmatic improvements to PPP, funds grants to shuttered venues, and enacts emergency enhancements to other U.S. Small Business Administration lending programs.

“This critical assistance will provide small business owners with the capital they need to survive the pandemic and includes essential resources for the smallest of our local Utah businesses and nonprofits,” said U.S. Small Business Administration Utah District Director Marla Trollan.  

“In response to the new legislation we are going to stand up our Rapid Response Team again and will directly train them to answer incoming general questions for us and take referrals for the more technical questions and lender inquiries,” Trollan said. As soon as the RRT has formed, contact information will be provided.

Business owners and nonprofit organizations should subscribe to the SBA Utah District Office newsletter at  and follow on Twitter @SBA_Utah to stay current on the new programs as the information will be updated as it changes. You may also contact the Utah District Office at (801) 524-3209 or by email at

The main points of the new Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act

 Paycheck Protection Program Second Draw Loans: 

  • Creates a second round of PPP loans for eligible businesses.
  • Defines eligibility for the PPP second draw as small businesses that have no more than 300 employees and demonstrate at least a 25 percent reduction in gross revenues between comparable quarters in 2019 and 2020.
  • Establishes a maximum loan size of 2.5X average monthly payroll costs, up to $2 million.
  • Allows small businesses assigned to the industry NAICS code 72 (Accommodation and Food Services) to receive PPP second draw loans equal to 3.5X average monthly payroll costs in order to helps these businesses combat onerous State and local restrictions.
  • Maintains existing expansions in eligibility for businesses assigned to the industry NAICS code 72 (Accommodation and Food Services).
  • Borrowers receive full loan forgiveness if they spend at least 60 percent of their PPP second draw loan on payroll costs over a time period of their choosing between 8 weeks and 24 weeks.
  • Affirms the eligibility of churches and religious organizations and prohibits a future administration from making them ineligible.
  • Preserves the application of affiliation rules to nonprofits, which makes Planned Parenthood ineligible.
  • Includes set-asides to support first-time PPP borrowers with 10 or fewer employees, second-time PPP borrowers with 10 or fewer employees, first-time PPP borrowers who have been made newly eligible, and second-time returning PPP borrowers. Additionally, provides for a set-aside for loans made by community lenders.

Paycheck Protection Program Improvements: 

  • Expands PPP allowable and forgivable expenses to include supplier costs on existing contracts and purchase orders, including the cost for perishable goods at any time, costs relating to worker protective equipment and adaptive costs, and technology operations expenditures.
  • Provides needed assurances to PPP lenders that no enforcement action could be taken against a lender who originated the loan in good faith, complied with all regulations, and relied in good faith on a borrower’s certification and documentation.
  • Enhances borrower flexibility by allowing borrowers to select their loan forgiveness covered period between 8 weeks and 24 weeks.
  • Simplifies the forgiveness application process for smaller loans up to $150,000 while increasing SBA’s ability to audit and review forgiven loans.
  • Allows PPP borrowers to include additional group insurance payments when calculating their PPP payroll costs. This would cover insurance plans such as vision, dental, disability and life insurance.
  • Allows borrowers who returned all or part of their PPP loan to reapply for the maximum amount applicable. It also allows lenders to recalculate borrower’s loan amounts due to changes in regulations regardless of whether SBA Form 1502 has been submitted.
  • Establishes the loan amount calculation for farmers and ranchers to better align with recent years’ income.
  • Provides Farm Credit System Institutions with greater certainty and equity in PPP lending participation.
  • Defines “seasonal employer.”
  • Expands PPP eligibility for certain 501(c)(6) nonprofits and Destination Marketing Organizations with 300 or fewer employees that do not receive more than 15 percent of their revenue from lobbying.
  • Expands PPP eligibility to local newspapers and T.V., and radio stations previously made ineligible by their affiliation with other stations.
  • Establishes a procedure in the bankruptcy process if the Administrator determines certain small business debtors in Chapter 11 are eligible for PPP loans.
  • Eliminates the requirement that EIDL advances be subtracted from PPP forgiveness.

 Emergency Enhancements to SBA’s Lending Programs 

  • Temporarily enhances the terms of the 7(a) loan program by increasing the loan guarantee to 90 percent and offering reduced or no fees for the borrower and the lender. Additionally, it would temporarily increase the 7(a) express loan limit and loan guarantee to provide access to needed working capital.
  • Temporarily eliminates fees for the 504 loan program and favorable terms for refinancing loans.
  • Increases the aggregate loan limit for microloan intermediaries in order to ensure intermediaries have increased capacity to make loans to underserved and underbanked borrowers.
  • Extends the Small Business Debt Relief program, Section 1112 of the CARES Act, which would defer payments of principal and interest on new and existing SBA 7(a), 504, and Microloan programs for eligible entities.

Increased Transparency and Accountability in SBA Programs: 

  • Mitigates fraud by requiring new measures for the SBA to verify eligibility for EIDL Advance grants.
  • Appropriates $20 million to the SBA Inspector General to prevent fraud, waste, and abuse in the Targeted EIDL Advance grant program.
  • Increases transparency of SBA’s PPP forgiveness audit and review process by requiring the SBA to submit a detailed forgiveness audit plan to Congress within 30 days of enactment. Appropriates $50 million to support SBA’s PPP audit authority.
  • Requires the SBA Administrator and the Secretary of the Treasury to testify within 120 days of enactment and twice a year for two years to the Senate and House Small Business Committees.
  • Requires the SBA to comply with GAO requests within 15 days unless the Administrator provides the Senate and House Small Business Committees with a detailed justification for the inability of the Administrator to comply.
  • Codifies the list of ineligible businesses for PPP, which includes: publicly-traded businesses; entities listed in 13 C.F.R. 120.110 except for entities from that regulation which have otherwise been made eligible by statute or guidance; entities affiliated with entities in the People’s Republic of China; registrants under the Foreign Agents Registration Act; and entities that are receiving a grant under the live venues grant program.
  • Prohibits PPP loan proceeds to be used for lobbying activities.
  • Requires the President, Vice President, the head of an Executive department, or a Member of Congress as well as their spouse to disclose this status when receiving forgiveness on a Paycheck Protection Program initial loan. Prohibits these individuals from obtaining a future PPP loan.

Support for Venues: 

  • Establishes a $15 billion grant program to support shuttered live venues, theaters, museums, and zoos that have experienced significant revenue losses.
  • Provides enhanced verification and requires increased transparency of SBA’s oversight plans to ensure funds are directly benefiting eligible entities.

Increased Appropriations: $325 billion 

  • $284.45 billion for Paycheck Protection Program Second Draw Loans.
  • $25 million for Minority Business Development Centers under the Minority Business Development Agency (MBDA) to assist minority business enterprises with technical assistance, such as applying for PPP.
  • $50 million to SBA for PPP auditing and fraud mitigation purposes.
  • $15 billion for grants for shuttered live venues, theaters, museums, and zoos.
  • $20 billion for the EIDL Advance program, of which $20 million is for the SBA Inspector General.
  • $3.5 billion for continuing the Section 7(a) Debt Relief program.
  • $2 billion to carry out SBA lending enhancements.
  • Of this amount, $57 million for the Microloan program for technical assistance and direct lending to underserved borrowers.
  • Rescission of Unobligated Funds: $146 billion 
  • Rescinds $137.5 billion in unobligated funds from PPP.
  • Rescinds $9 billion in unobligated funds from Section 1112 of the CARES Act.

Eligible Paycheck Protection Program expenses now deductible

The Treasury Department and the Internal Revenue Service issued guidance today allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the Paycheck Protection Program (PPP).

Today’s guidance, Revenue Ruling 2021-02, reflects changes to law contained in the COVID-related Tax Relief Act of 2020, enacted as part of the Consolidated Appropriations Act, 2021 (Act), Public Law 116-260, which was signed into law on Dec. 27, 2020.

The COVID-related Tax Relief Act of 2020 amended the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to say that no deduction is denied, no tax attribute is reduced, and no basis increase is denied by reason of the exclusion from gross income of the forgiveness of an eligible recipient’s covered loan. This change applies for taxable years ending after March 27, 2020.

Revenue Ruling 2021-02 obsoletes Notice 2020-32 and Revenue Ruling 2020-27. This obsoleted guidance disallowed deductions for the payment of eligible expenses when the payments resulted (or could be expected to result) in forgiveness of a covered loan.

For more information about this, the COVID-related Tax Relief Act of 2020, and other tax changes, visit

More Information Here

SBA Federal Contracting Programs

Grow Your Business with SBA’s Contracting Assistance Programs

The U.S. government is the largest single purchaser of goods and services in the world

If you are looking for ways to grow your clientele in 2021, consider doing business with the federal government.

The federal government aims to award at least 23% of all federal contracting dollars to small businesses each fiscal year. The federal government exceeded this goal in fiscal year 2019, awarding 26.5% or $132.9 billion in federal contract dollars to small businesses.

Federal agencies achieve small business contracting goals in a few ways. For starters, to help provide a level playing field for small businesses, the government limits competition for certain contracts solely to small businesses. These contracts are called “small business set-asides.” Some set-asides are open to any small business, while others are open only to small businesses that participate in SBA contracting assistance programs

Learn more about how how to find, compete for, and win federal government contracts.

Full Article Here

SBA Disaster Loans 

SBA offers Economic Injury Disaster Loans to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage. The deadline to apply for an SBA economic injury disaster loan is July 27, 2021.

Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.

Interest rates can be as low as 3 percent for businesses, 2.75 percent for private nonprofit organizations and 1.188 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

Applicants may apply online, receive additional disaster assistance information and download applications at Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

Paycheck Protection Program Loan Forgiveness Form

Paycheck Protection Program Loan Forgiveness

Paycheck Protection Program (PPP) borrowers may be eligible for loan forgiveness if the funds were used for eligible payroll costs, payments on business mortgage interest payments, rent, or utilities during either the 8- or 24-week period after disbursement. A borrower can apply for forgiveness once it has used all loan proceeds for which the borrower is requesting forgiveness.

Borrowers can apply for forgiveness any time up to the maturity date of the loan. If borrowers do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer deferred and borrowers will begin making loan payments to their PPP lender.

Click here to learn more

Training and Events

Virtual Mentoring and Training 

Offices around the country may be closed to the Coronavirus pandemic, but SCORE, Small Business Development Centers, Women’s Business Centers, and Veterans Business Outreach Centers and other resource partners are providing free business mentoring and training by phone, email, and video.

Find an SBA resource partner near you

Join the SBA team: Employment opportunities to support SBA's COVID-19 pandemic response

We're Hiring, Join Our Team

The SBA is hiring temporary employees to assist with disaster relief efforts during these unprecedented times. The positions include:

  • Call Center Customer Service Representative
  • Document Preparation/Legal Review/Loan Closings
  • Loan Processing/Credit Analysis/Mortgage Underwriting
  • Program Support

Apply Today

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Financing Your Business

Free online course from the SBA Learning Center

Assess your financing needs and discover financing options for your business.



Marla Trollan, District Director, (o) 801-524-3209 (c) 385-218-1995

John Gygi, Deputy District Director, (o) 801-524-3209 (c) 801-889-6170

Karl Wernick, Lender Relations Specialist, (o) 801-524-3209 (c) 385-355-5815

Don MacMillan, Lender Relations Specialist, (o) 801-524-3209 (c) 385-429-8627

Melinda Workman, Economic Development Specialist, (o) 801-524-3209 (c) 385-266-1853

Rachel Bennett, Veterans Business Development Officer, (o) 801-524-3209 (c) 385-355-5677

Cody Neville, Business Opportunity Specialist, (o) 801-524-3209 (c) 801-828-0796

Siobhan Carlile, Public Affairs Specialist, (o) 801-524-3209 (c) 706-267-1145

George Janes, Outreach and Marketing Specialist, (o) 801-524-3209 (c) 202-941-8106

Charla Allred, Program Support Assistant, (o) 801-524-3209 (c) 202-941-8106

Cheryl Richens, Administrative Officer, (o) 801-524-3209

Sharlene Miller, Paralegal,  (o) 801-524-3209

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